European shares rose to fresh one-month highs and safe-haven assets such as gold...
LONDON - European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of U.S.-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.
The rally followed gains in Asia, with MSCI’s broadest index of Asia-Pacific shares outside Japan gaining as much as 1.08% to reach its highest since Aug. 2.The Chinese yuan jumped versus the dollar in offshore trade, while safe-haven assets such as gold, the Swiss franc, and the yen fell. “The general market tone is driven by the announcement of the meeting of high-ranking officials between China and the U.S,” said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.
Weighing on sentiment was data that showed German industrial orders fell more than expected in July on poor demand from abroad, indicating manufacturers in Europe’s biggest economy continue to struggle in the third quarter. In currency markets, the British pound lost some of its overnight gains on concern that an election is still pending, although Britain might have averted leaving the European Union next month without a transition deal.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China, U.S. to hold trade talks in October: China commerce ministryChina and the United States agreed to hold high-level trade talks in early Octob...
Lire la suite »
China August exports seen up slightly, imports to contract for fourth month: Reuters pollChina's exports likely rose slightly in August as shippers raced to beat ne...
Lire la suite »
China service sector activity rises to three-month high-Caixin PMIActivity in China’s services sector expanded at the fastest pace in three months...
Lire la suite »
U.S., China agree to renew trade talks; stock futures shoot upThe U.S. and China will meet in early October for renewed trade talks, China's Ministry of Commerce announced early Thursday, local time. U.S. stock futures...
Lire la suite »
U.S. trade deficit shrinks, but shortfall with China widensThe U.S. trade deficit narrowed slightly in July, but the gap with China, a focu...
Lire la suite »